Tron (TRX) Price Surges 7% Today as Justin Sun Announces Plans to Double Down on Meme Ecosystem

Tron’s native cryptocurrency TRX is up by 7% today after founder Justin Sun announced plans to double down on building the meme ecosystem on the blockchain.

Tron's native cryptocurrency, TRX, has experienced a significant surge of 7% today, following founder Justin Sun's announcement to double down on building the meme ecosystem on the blockchain.

This announcement has been instrumental in pushing the Tron price higher, with daily trading volumes soaring by 62% to more than $1.23 billion over the last two days. TRX has also seen a sharp recovery of 15%, bouncing back from the support of $0.21.

Tron Price Rally to $1 Coming?

As Justin Sun prepares for the comeback of the meme coin ecosystem on the Tron blockchain network, analysts are predicting a Tron price rally to $1 and above.

Popular crypto analyst Javon Marks has projected a bullish outlook for TRON (TRX), stating that the altcoin is preparing to hit its logarithmic-measured breakout target at $1.11.

Marks highlighted that TRON's price trajectory suggests significant potential for gains, with an estimated 516% upside from current levels required to reach the predicted target.

"The TRON price is setting up for a huge move. The coin is going to need to rally 516% to hit the target."

On the other hand, social analytics platform LunarCrush stated that the social and market activity on the Tron blockchain network has surged significantly following the TRX price surge. Tron now accounts for 1.05% of all crypto-related discussions, reflecting heightened community interest.

"TRON has seen a huge surge in both social and market activity. The network now makes up 1.05% of all crypto conversations."

TRON's robust metrics highlight its growing prominence as both investors and the community focus on its upward momentum.

Tron DAO Meme Coin Frenzy Heating Up

Tron's meme token ecosystem is experiencing a resurgence, fueled by confidence from Justin Sun, founder of the Tron blockchain.

Yesterday alone, 122 new tokens were launched on the SunPump.meme platform, marking the first time in four months that daily launches exceeded 100.

To date, 95,573 tokens have been created, generating 36,374,191 TRX in fees, which is equivalent to $5.74 million.

Furthermore, the activity on the TRON DAO continues to soar, signaling a strong and growing interest in Tron's meme token ecosystem.

Commenting on this development, Justin Sun wrote: "The first rule of making memes on Tron: I will not personally profit a single cent from memes. Any losses will be fully covered by myself, and all proceeds will be donated."

Getting TRX to Solana

In another announcement, Justin Sun revealed plans to bring TRX, Tron's native cryptocurrency, to Solana's blockchain in the coming weeks. Although the announcement lacked specific details or a definitive timeline, it has sparked excitement among both TRX and Solana communities.